Market Activity

The market was quiet for much of the day before news of a ten car, $0.3200 packer BFT trade got out. Renderer tallow followed suit with three cars trading at $0.3200 Chicago. More packer trading was done at $0.3200 later in the day, eight cars. All trades were for the 30-day position. Tech tallow is unquoted, but bids have been reported as high as $0.3500 – $0.3550.

With strong biodiesel demand and tight supplies,…